Even when we’re talking about overbids, money isn’t everything. After all, the most valuable commodity of all is time.
Case in point, this week’s top overbid, a three bed, one bath circa 1943 house at 1735 39th Avenue, which listed for just under $1.1 million and closed this week for $1.6, more than 46 percent over the asking.
But notice also another remarkable figure here: The deal closed in just 14 days. Although it varies, in most US cities the average number of days on the market is around 30; in SF in August, it was 19.
So a 14 day sale is already pretty hot, but looking down the list we see plenty of others that went quicker. Many didn’t even make it to double-digits, and one clocked zero days to a sale; sometimes that’s a sign of manipulation–realtors can juice these stats with a little sleight-of-hand sometimes–but other times it just means demand really is that high.
| Address | BR/BA/Units | DOM | List Price | Sold Price | Overbid |
|---|---|---|---|---|---|
| 1735 39th Avenue | 3/1.00/N/A | 14 | $1,095,000 | $1,600,000 | 46.12% |
| 1415 21st Avenue | N/A/N/A/N/A | 14 | $1,695,000 | $2,450,000 | 44.54% |
| 646 De Haro Street | 2/2.00/N/A | 13 | $1,395,000 | $1,950,000 | 39.78% |
| 1787 17th Avenue | 3/2.00/N/A | 19 | $1,295,000 | $1,800,000 | 39.00% |
| 1079 Alabama Street | 3/2.00/ | 6 | $1,098,000 | $1,520,000 | 38.43% |
| 28 Gaviota Way | 2/1.00/N/A | 9 | $1,150,000 | $1,588,000 | 38.09% |
| 228 Ewing Terrace | 2/1.00/N/A | 9 | $1,200,000 | $1,650,000 | 37.50% |
| 1379 Thomas Avenue | 3/2.00/N/A | 15 | $795,000 | $1,080,000 | 35.85% |
| 316 Hazelwood Avenue | 2/1.00/N/A | 6 | $1,195,000 | $1,600,000 | 33.89% |
| 515 Pierce Street | 1/1.00/3 | 10 | $925,000 | $1,225,000 | 32.43% |
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